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This company has done everything they promised and more. Financial's will probably be better that expected as well as Proforma. IMO
5, 10, and 20 day M/A's all line up pretty and top ready to blow through the roof IMO.
CEO Steve Sulja stated: "With our rapid expansion in the Middle East, we have received a large interest in Sulja Bros. and our company stock. We have recently received third party articles and coverage in Emirates Al-Youm, Al-Bayan, Al-Khaleej, and Al-Etihadal Iktisady. The articles detailed the relationship between Wessal International and Sulja Bros.; mentioning the current open request of Wessal International to purchase SLJB stock on the open market. We are getting great response from Middle Eastern investors about the articles. Wessal International is pleased with the interest from investors."
Don't thin so, Some on the Dubai exchange trade at multiple's of 50 & more.
Get ready, last Hr. heavy, heavy, buying. All now know this is a real company with real earnings and a valuation way up from where we are now!!!!
It will be even better than this:
With 500 million shares outstanding:
--------------
15.6 million net earnigs divided by 500 million shares =
EPS of aprroximately 0.032
A PE multiplier of 30 is not unreasonable with the proforma numbers stated, so
0.032 X 30 = 0.96 is a resonable estimate for the stock after audited financials.
If you think they were falling over each other yesterday to get in before closing. Just wait till after lunch today, They will be hurting to get in under .15 by close IMO.
Scary, In a good way. I'll try to survive it cause all us long timers deserve it after the patience of sitting through the manipulation of taking it the other way.
Now we're looking at $1.00 plus in less than two weeks IMO.
Hey Ruff, Just had a thought, (happens once & a while).
Petar said audits out mid Sept. Well, today is 15th, Exactly mid Sept. Too Funny!!
Jannie, I think you did a good thing, averaging up here. I believe long term, I'd avg. up all the way to .50 and feel safe.
Sulja Bros. Building Supplies Ltd. (Pink Sheets: SLJB -
http://finance.yahoo.com/q?s=SLJB.PK ) Sulja Bros. Building Supplies Ltd. CEO
Petar Vucicevich is proud to announce a shareholder update.
CEO Petar Vucicevich stated: "As the new CEO, Sulja Bros. will continue on the
same path that Steve Sulja created. We will not reverse spilt our shares or
change the share structure. The company will continue the Middle East growth
with the same philosophy of 'Excellence.' Our customers and shareholders are the
primary concern. We will strive to close amicable contracts that will increase
the size and price per share of the company. I will approach this task with the
same conviction as my predecessor.
"The company financial audit is nearing completion. We anticipate having the
audit stamped this week. Early next week the completed audit will be available
for shareholders to view at www.suljabros.com. I will also issue a new statement
made available at the same website on Monday morning."
Imagine when the numbers come out! This is nothing in comparison!
500% vol increase
ruff, you're right, and thing is, this is still a bargain price IMO.
With a $4.00 to $6.00 Target set in the future to get on OTC & then Nasdaq, Even next week's prices if in 1.00 range will be bargain's if the proforma numbers are even close.
I personally feel they will be better as new deals will be coming more frequently as the business grows.
As we all know it costs money to grow a business. If everyone will look closely, I think there are a lot of answers in the numbers. (at least for me).
Here’s a few percentage differences, where I compared Last yrs. %’s to next yrs. Expected %’s.
Gross Margin .56% better than last yr at 45%.
Payroll & Benefits 4.35% more.
Advertising & promotion .44% more.
Total Operating Cost 5.35% more over last yr.
Total Expenses 9.69% more over last yr.
Pretax Profit—9.14% less than last yr. but with a very nice number—$93,951,965.18.
I can live with that on a .08 PPS stock.
Now for the better news, what everyone better look at is the middle east sales.
You will notice August and Sept. months roughly increase by 1 million give or take. This sounds legit as they are just getting rolling.
However look what happens beginning in October, 2 mill increase, nov-3 mill increase month over month and it just keeps growing larger every month.
I think this gives us some insight as to Company announcing PR’s as well, probably beginning heavy by the end of this month. IMO these are contracts already signed and not announced yet.
All in all, this shows me they are spending more to grow the business, and in the right places.
All this JMO. Oh ,one I forgot to mention that I found interesting was Travel expenses, these were last yr, $24,268.00 and this coming yr. $1,250,000.00.
What a big difference in travel expenses, Sounds like these guys plan on spending a lot of time somewhere.
5 min, before the buying frenzy starts.
Here's the nice thing about this stock, There aren't many share's to go around.
"The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float.
I look for heavy buying in about 1 HR.
"The company financial audit is nearing completion. We anticipate having the audit stamped this week. Early next week the completed audit will be available for shareholders to view at www.suljabros.com. I will also issue a new statement made available at the same website on Monday morning."
Have a feeling Petar's statement is going to be as powerful as the numbers we'll see.
Just a guess, I think $.12 today and $.16 or better tommorrow. Next week could be anyone's guess all the way to $2.00 plus.
BBB Reliability Report
The Better Business Bureau
Serving Windsor & Southwestern Ontario
880 Ouellette Avenue, Suite 302
Windsor, ON N9A 1C7
Sulja Brothers Ltd.
Erie Road, R.R. #3
Harrow, ON. N0R 1G0
The BBB reports on members and non-members
Original Business Start Date:
File Open Date:
Principal:
TOB Classification: NOT YET CLASSIFIED.
BBB Membership: This company is not a member
The Bureau maintains a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has the Bureau received complaints on this firm to warrant the maintenance of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deam relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable.
Customer Experience
The Bureau has processed no customer complaints on this company in the last three years
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgement. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.
Monday's Outlook.
With 500 million shares outstanding:
--------------
15.6 million net earnigs divided by 500 million shares =
EPS of aprroximately 0.032
A PE multiplier of 30 is not unreasonable with the proforma numbers stated, so
0.032 X 30 = 0.96 is a resonable estimate for the stock after audited financials.
----------------------
around 100 million proforma earnings divided by 500 million shares =
EPS of 0.20
If they can continue growth in the Middle East a PE of 30 is not unreasonable
0.20 X 30 = 6.00
Many will argue with the PE but high growth stocks with great margins and earnings typically exceed a 30 PE. When the growth calms down, the PE will fall to the 15 to 20 range on the earnings.
KPMG and Price Waterhouse Coopers will complete the audit and the assets are contained in the upcoming audited financials. Our shareholders have requested an update through Marquee Asset Management and we are listening to the concerns. We continue to gain new work and have some exciting updates to be released."
If I wasn't already in, I would be before tommorrow, That I know.
All will see heavy buying this afternoon into the close and most of tommorrow IMO because everyone knows this company is going at minimum to it's valuation. I think Min. of .60 to .70 near term and 4.00 to 6.00 longer term if projected numbers are held up and confirmed.
Remember this all. They can't control the valuation of the numbers next week. They are what they are.
You know, I really feel sorry for the shorts in some little way.
They have been so busy sending out thier messengers/bashers to try and kill a little company like LFWK. They never anticipated it being taken over for something like a trading vehicle by the big money from the middle east.
They have been so busy trying to cover thier mistake by keeping the price down that they don't even know what kind of a boat thier in. It's sinking fast.
They will only hold the price for so long, because when the audits are out, the market will continue to buy until fair valuation of those numbers are hit. No matter how long it takes!
I'm still interested in seeing what the assets are on the audit.
Hey Jim Ain't is not a word.
Posted by: Jim Bishop
In reply to: testekleez who wrote msg# 70837 Date:9/13/2006 11:48:39 AM
Post #of 70943
Wow, great news...they ain't gonna "spilt"...too funny.
Early next week the completed audit will be available for shareholders to view at www.suljabros.com.
Tried to buy more at.083 & they jumped the ask on me
MARKET WIRE
Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) CEO Petar Vucicevich is
proud to announce a shareholder update.
CEO Petar Vucicevich stated: "As the new CEO, Sulja Bros. will continue on the
same path that Steve Sulja created. We will not reverse spilt our shares or
change the share structure. The company will continue the Middle East growth
with the same philosophy of 'Excellence.' Our customers and shareholders are
the primary concern. We will strive to close amicable contracts that
will increase the size and price per share of the company. I will approach this
task with the same conviction as my predecessor.
"The company financial audit is nearing completion. We anticipate having the
audit stamped this week. Early next week the completed audit will be available
for shareholders to view at www.suljabros.com. I will also issue a new statement
made available at the same website on Monday morning."
This contains forward-looking information within the meaning of The Private
Securities Litigation Act of 1995. Forward-looking statements may be identified
through the use of words such as "expects," "will," "anticipates," "estimates,"
"believes," or statements indicating certain actions: "may," "could," "should"
or "might occur." Such forward-looking statements involve certain risks and
uncertainties. The actual result may differ materially from such
forward-looking statements. The company does not undertake to publicly update
or revise its forward-looking statements even if experience or future changes
make it clear that any projected results (expressed or implied) will not be
realized.
SOURCE: Sulja Bros. Building Supplies, Ltd.
Yes Sir It's Official now for the disbelievers
The way things stand right now, I plan on being around here a while. I may swing a small portion once over .60 because I know there will be ups & downs.
However, it may run so hard with the credibility from PWC or KMPG that no one will even consider selling before a dollar.
My belief is that management (Petar especially) already has the connections to Emaar and the Dubai Government so contracts are as good as sealed and delivered when needed.
Only question in my mind is how fast Sulja/Consultec can grow and deliver the materials. Thats why thier focus will be on the middle east. They are building a supply chain for the middle east. But wait, Consultec is into Construction also, so what will we be building as well?
I firmly feel with the growth rate we may see over the next 5 years this could easily become a 20.00 stock in the next few years. Thats why I plan on holding some Long, Long term.
yes, I knew that.
that may have been all the shares that were available.
2006 numbers were impressive as well, as the company had a net profit of $26,023,991. Using a revised estimate of 500,000,000 outstanding shares with an estimated net income (after 40% in taxes), Sulja Bros. would have an earnings-per-share of $0.0312.
Furthermore, 2007 pro forma numbers demonstrate the company's expectations of rapid growth and expansion. The earning-per-share projected for 2007 (August, 1 2006 - July 31, 2007) stands at $0.1127.
Financial results from June and July 2006 are still yet to be released.
Now, to estimate what the share price could be for SLJB.PK based on the 2007 pro forma financials, lets take into consideration the PE ratios on the stocks of different building supply companies.
Note: The company (Sulja Bros.) have repeatedly claimed that there will be no need to reverse split their stock in order to be eligible for an uplisting to a higher exchange such as the OTCBB, AMEX, or NASDAQ. A NASDAQ listing requires, among other things, a share price of $4 and AMEX is $2. OTCBB doesn't have a share price requirement, but it does require quarterly financial reporting.
SLJB.PK Closing Share Price (August 24, 2006): $.081
This analysis is congruent with the companies own assertion that there will be no need for a reverse split and if these numbers are anywhere near accurate, SLJB.PK appears to be worthy of a $5 share price or more!
Hey All, Don't worry the Financials are coming! They are just letting the ink dry good. Sure they had to use a lot of ink with all those big numbers!!! Ha! Ha!
Wessal International's President Ahmed Khalil Al-Muslmani stated: "We are pleased to see Petar running the company. He has orchestrated numerous deals around the globe. Now that we have 100% of his time, we can swiftly close the remaining negotiations and pursue larger opportunities in the Middle East region."
The joint venture with Emaar Properties.
We will hear more about this I think.
On August 02, 2006 Sulja Brothers Building Supplies, Ltd. met with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement. A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. CEO Steve Sulja stated: "This is exactly why we expanded in the Middle East and obtained a contract with the Liberian Government for lumber. Sulja Brothers' growth rate in the Middle East is astounding. The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."